Offerpad Solutions
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Offerpad Solutions's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 67% to $1,314,412,000. The net income raised on -$117,218,000 and profit margin reached -9%. Total operating expenses were $174,594,000.
Profit Margin
| 2019 | 1.07B | -51.95M | -4.83% |
|---|---|---|---|
| 2020 | 1.06B | -23.11M | -2.17% |
| 2021 | 2.07B | 6.46M | 0.31% |
| 2022 | 3.95B | -148.61M | -3.76% |
| 2023 | 1.31B | -117.21M | -8.92% |
OPAD-WT Income Statement (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Revenue | |||||
Revenue | 1.31B | 3.95B | 2.07B | 1.06B | 1.07B |
Cost of revenue | 1.24B | 3.76B | 1.86B | 976.47M | 1.00B |
Gross profit | 70.18M | 182.42M | 207.81M | 87.77M | 74.38M |
Operating exp. | |||||
Research and development | 7.94M | 12.09M | 10.86M | 7.27M | 7.45M |
Selling and marketing | 116.55M | 238.93M | 146.87M | 76.78M | 85.22M |
Total operating expenses | 174.59M | 309.73M | 188.04M | 101.53M | 107.78M |
Operating income | -104.41M | -127.31M | 19.76M | -13.75M | -33.4M |
Other income (expenses), net | -12.64M | -20.93M | -13.13M | -9.19M | -18.29M |
Income before tax | -117.05M | -148.25M | 6.63M | -22.95M | -51.69M |
Income tax expense | 163K | 359K | 170K | 163K | 254K |
Net income | -117.21M | -148.61M | 6.46M | -23.11M | -51.95M |
Earnings per share | |||||
Basic EPS | -4.44 | -9.09 | 0.82 | -5.99 | -15.49 |
Diluted EPS | -4.44 | -9.09 | 0.68 | -5.99 | -15.49 |
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